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Dec 1, 2012
12/12
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president obama appeared at a factory in pennsylvania making his case for raising taxes on top earners and accusing a handful of republicans of holding up a deal. if a deal is not reached by december 31, a $600 billion combination of tax increases and spending cuts goes into effect. let's get a check now on how the markets reacted to all of that news. our correspondence sent us this report from frankfurt. >> the dax climbed for about 2% this week, and share prices have been pushed mainly by the rescue package for greece, but at this last trading day of the week, trading has been quite low. the positive trend continued, although there has been some bad news coming in, like the record high unemployment rate in the euro area and the fact that u.s. consumers spend less money in october. nevertheless, the mood is fine. investors hope the fiscal cliff in the u.s.a. can be avoided. >> let's get a closer look at friday's trading. with all that uncertainty in washington, traders were playing it cautious. in germany, the blue-chip dax broke a bit of a winning streak, only gaining fractionally. e
president obama appeared at a factory in pennsylvania making his case for raising taxes on top earners and accusing a handful of republicans of holding up a deal. if a deal is not reached by december 31, a $600 billion combination of tax increases and spending cuts goes into effect. let's get a check now on how the markets reacted to all of that news. our correspondence sent us this report from frankfurt. >> the dax climbed for about 2% this week, and share prices have been pushed mainly...
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Dec 4, 2012
12/12
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CSPAN
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tax reform. it would be in the tax reform process that there would generate -- and they would generate $800 million -- $800 billion in revenue. and they say the $800 billion could be raised without raising tax rates, and this is something that is in dispute with the white house. the white house said there would be no deal unless republicans agreed to increase tax rates on the wall the next year. >> what do the republicans say about the debt limit, sequestration, automatic spending cuts, and changes to entitlement programs? >> that was not addressed. the white house offered to make permanent the changes. republicans are not proposing to raise the debt limit at all. but if you ask their aides, they told us that the speaker would be open to increasing the debt limit, but he is sticking by his role that any increase must be accompanied by cuts and/or reforms. it could be on the table. entitlements, they are not laying out this was a big changes to medicare and medicaid. what they are saying is they w
tax reform. it would be in the tax reform process that there would generate -- and they would generate $800 million -- $800 billion in revenue. and they say the $800 billion could be raised without raising tax rates, and this is something that is in dispute with the white house. the white house said there would be no deal unless republicans agreed to increase tax rates on the wall the next year. >> what do the republicans say about the debt limit, sequestration, automatic spending cuts,...
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Nov 30, 2012
11/12
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. >> reporter: democrats, still lifted by their election success, argued that voters chose higher tax rates for wealthy americans as part of any plan to cut the deficit. and say republicans will have to give in. >> did speaker john boehner get the message? because the message was work together. >> they're not going to openly concede on this point this far out from the deadline, but they see the handwriting on the wall. >> reporter: late today, gop sources said that they have some details about the proposal brought here from tim geithner. they say the white house is offering $1.6 trillion in tax increases over ten years, 400 billion in cuts coming later. and no new proposals dealing with entitlement reform. republicans say for them, a nonstarter. >> kelly o'donnell, another cold night on capitol hill. thank you. >>> and as this debate goes on, a memorial service in washington today for a long-time budget-cutting warrior, former senator warren rudman, and david suitor was among them, and former senator and white house chief of staff, howard baker, a republican from new hampshire who aut
. >> reporter: democrats, still lifted by their election success, argued that voters chose higher tax rates for wealthy americans as part of any plan to cut the deficit. and say republicans will have to give in. >> did speaker john boehner get the message? because the message was work together. >> they're not going to openly concede on this point this far out from the deadline, but they see the handwriting on the wall. >> reporter: late today, gop sources said that they...
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538
Nov 30, 2012
11/12
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KOFY
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the winners could take the a lump sum payment of about 192 million dollars each before taxes. so if you don't have the winning power ball numbers, no problem. here are 3 residence why it may good that you didn't win the lotter lottery. lotto winners may more likely to file for bankruptcy particularly in year 3 to 5 after winning the jack pot. winning the jackpot won't make you any happier. happiness is linked to long-term personal income because it's earned therefore considered legitimate. financially you don't throw your money away on losing tickets. remember the odd of winning the jackpot are more than 1 in 175 million dollars. i'm reminded of johnny consider son old line money doesn't buy happiness. >> true. >> sure can lease it for awhile. >> i would be willing to assume the risk of 192 million dollars and just. >> see how it guess. >> be a human study for sneevrn your one ticket away my friend. >> i would really miss you. >> oh, sure. >> watch you every night but i'll miss you. disappointed and dejebingtd with good reason. smith talks with good reason. smith talks about t
the winners could take the a lump sum payment of about 192 million dollars each before taxes. so if you don't have the winning power ball numbers, no problem. here are 3 residence why it may good that you didn't win the lotter lottery. lotto winners may more likely to file for bankruptcy particularly in year 3 to 5 after winning the jack pot. winning the jackpot won't make you any happier. happiness is linked to long-term personal income because it's earned therefore considered legitimate....
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Nov 30, 2012
11/12
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CNNW
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see a tax hike. here's the thing. even the top 2%, even folks who make more than $250 on,000, they would still keep their tax cut on the first $250,000 of income. they would still be better off for them too for us to go ahead and get that done. families would have a sense of security going into the new year. companies like this one would know what to xwp in terms of planning for next year and the year after. that means people's jobs would be secure. the sooner congress gets this done, the sooner our economy will get a boost. it would then give us in washington more time to work together on that long-range plan to bring down deficits in a balanced way. tax reform, working on entitlements, and asking the wealthiest americans to pay a little bit more so we can keep investing in things like education and research that make us strong. those are the choices that we have. and understand, this was a central question in the election. maybe the central question in the election. you remember had. we talked abou
see a tax hike. here's the thing. even the top 2%, even folks who make more than $250 on,000, they would still keep their tax cut on the first $250,000 of income. they would still be better off for them too for us to go ahead and get that done. families would have a sense of security going into the new year. companies like this one would know what to xwp in terms of planning for next year and the year after. that means people's jobs would be secure. the sooner congress gets this done, the...
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Nov 30, 2012
11/12
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KQED
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obama travels to suburban philadelphia tomorrow, pressing to raise taxes on top earners, but keep tax cuts for everyone else. wall street initially fell after house speaker boehner said there'd been no progress on a fiscal cliff deal. but stocks rose later, on news that the economy grew at an annual rate of 2.7% in the third quarter. the dow jones industrial average gained more than 36 points to close well above 13,021. the nasdaq rose 20 points to close at 3,012. the united nations general assembly voted today to recognize palestine as a non- member observer state. the tally was 138 to nine, with 41 abstentions. the u.s. voted no. it came after palestinian president mahmoud abbas appealed to the world body to issue the birth certificate of palestine. >> we did not come here seeking to delegitimize a state established years ago, and that is israel. rather, we came to affirm the legitimacy of a state that must now achieve its independence, and this is palestine. >> sreenivasan: palestinians said the vote would strengthen their hand in future peace talks with israel. but the israeli amb
obama travels to suburban philadelphia tomorrow, pressing to raise taxes on top earners, but keep tax cuts for everyone else. wall street initially fell after house speaker boehner said there'd been no progress on a fiscal cliff deal. but stocks rose later, on news that the economy grew at an annual rate of 2.7% in the third quarter. the dow jones industrial average gained more than 36 points to close well above 13,021. the nasdaq rose 20 points to close at 3,012. the united nations general...
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Nov 30, 2012
11/12
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FOXNEWSW
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, not just tax rates, capital gains, dividends, et cetera. also about $50 billion in new spending next year. the white house down plays that by saying look, this is just stuff the president put out there previously in the american jobs. it's not so grand new stimulus plan but none the less speaker boehner is basically complaining that while there is a lot about the taxes, a lot about some new spending is he not seeing a lot of detail on spending cuts. take a listen. >> i'm disappointed. in where we are and disappointed in what's happened over the last couple of weeks. going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> now, the white house thinks republicans have overdone the outrage today. they say the real problem republicans have is they don't want to raise taxes on the rich. so basically we are still deadlocked tonight, shep. >> shepard: vice president biden did his part for the economy today. he went shopping? >> yeah a new cosco here
, not just tax rates, capital gains, dividends, et cetera. also about $50 billion in new spending next year. the white house down plays that by saying look, this is just stuff the president put out there previously in the american jobs. it's not so grand new stimulus plan but none the less speaker boehner is basically complaining that while there is a lot about the taxes, a lot about some new spending is he not seeing a lot of detail on spending cuts. take a listen. >> i'm disappointed....
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Nov 30, 2012
11/12
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CSPAN
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the clinton tax rates. others can speak to what it was under reagan, but the clinton tax rates that enabled the price sector to create 20 a and jobs and unable the success to thrive in our country, i think it comes down to the question, we say to the speaker of the house, the senate has passed a bill to increase middle-class tax cuts. democrats are ready to support it. why? why are you holding this up? thank you. >> for more information about the fiscal clef, visit our web site c-span.org. >> friday on washington and now,norman ornsteein.. tax credits on family and businesses that would be impacted if congress does not impact the fiscal cliff. >> the program began, one of the and as as to president franklin roosevelt, to document conditions under which people were living. this is when we did talk have television. have of places didn't electricity said they couldn't listen to the radio broadcasts to find out what was happening and a parts of the country. he was the head of this project. 1939 when kodak had a
the clinton tax rates. others can speak to what it was under reagan, but the clinton tax rates that enabled the price sector to create 20 a and jobs and unable the success to thrive in our country, i think it comes down to the question, we say to the speaker of the house, the senate has passed a bill to increase middle-class tax cuts. democrats are ready to support it. why? why are you holding this up? thank you. >> for more information about the fiscal clef, visit our web site...
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Nov 30, 2012
11/12
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the president has been clear and we support him on holding firm to the 250 tax cuts, expiration of tax cuts for people making over $250,000 a year. that would be part of a big package that has big can cuts. we've already voted for over a trillion dollars in cuts. revenue is needed and job creation is essential to reduce the deficit. we believe if you want to reduce the deficit grow the economy. it's all together. that is attested by every bipartisan task force, commission, you name it that has come together. you can't get here from here in terms of deficit reduction and fiscal soundness without having revenues be on the table. i'd like to yield to the assistant leader for his comments. >> thank you. i think that this meeting was very very fruitful. it simply remind us once again of exactly why we are here. but i don't know -- but i would add to what the leader has said the time for posturing is over which we are in the holiday season when people will love to turn to their families with some certainty and i think we ought to give them that. and it's very easy to do. the president has la
the president has been clear and we support him on holding firm to the 250 tax cuts, expiration of tax cuts for people making over $250,000 a year. that would be part of a big package that has big can cuts. we've already voted for over a trillion dollars in cuts. revenue is needed and job creation is essential to reduce the deficit. we believe if you want to reduce the deficit grow the economy. it's all together. that is attested by every bipartisan task force, commission, you name it that has...
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Nov 29, 2012
11/12
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FOXNEWSW
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are to preventing such a tax increase. for republicans, it has been about are they offered something that allows them to sell this? for republicans there are a couple of considerations. they don't want to get blamed if everybody's taxes go up. that could be politically problematic. but they can't afford to appear they're rolling over and getting anything they want. they have the house majority. they don't want the base of support to feel they didn't fight anything. because the campaign fund-raising dollars could dry up. everybody in the house faces a primary next year. whether or not they a tough opponent or not is on the table. there are so many considerations. jon: so if these talks fail, and we go over the fiscal cliff, do both sides share in the blame equally? >> i don't think so. i think it is likely that the house republicans and even senate republicans, even though they're in the minority in the senate are going to get more of the blame but it depend on what kind of view you're taking here if you're a republican. i
are to preventing such a tax increase. for republicans, it has been about are they offered something that allows them to sell this? for republicans there are a couple of considerations. they don't want to get blamed if everybody's taxes go up. that could be politically problematic. but they can't afford to appear they're rolling over and getting anything they want. they have the house majority. they don't want the base of support to feel they didn't fight anything. because the campaign...
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Nov 30, 2012
11/12
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. >>> well, move over cheetos, the new snack for the vending machine, ckavycavier, and you probably guessed it will take a little more than 75 cents to get this treat. prices range from $12, okay, possibly reasonable, to $500, a little less so. >>> well, bankruptcy judge has officially given hostess the go ahead to pay out bonuses to its senior executive. the company is liquidating almost 20,000 people losing their jobs. the executives are getting bonuses. how does that -- i'm not good at math, but how does that work? >> it doesn't quite seem fair, does it? but that's exactly what one new york court has sort of ruled on and the bonuses range from about $7,500 to $130,000 and it's only
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. >>> well, move over cheetos, the new snack for the vending machine, ckavycavier,...
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Nov 30, 2012
11/12
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bill: so what happens if your taxes or to your taxes if lawmakers don't strike a deal? the tax policy center says that 90% of the americans would see a tax hike next year in 2013. it says 121 million americans will be paying more in payroll taxes, and families making between 40 and $65,000 a year, will pay an extra $2,000 to the government. that starts in 2013. martha: some say that they're concerned that what happens in europe could also happen here down the road. look at europe's economy down the road. 11.7% unemployment. that is another record high in the month of october. breaking that down, it is 18.7 million people out of work across the 17 eu countries that use the euro. spain and greece have the highest jobless rates. 25% is the unemployment rate in spain and greece with youth unemployment levels, look at this, almost 60% in spain and greece. bill: good luck with that, huh? what a future. debate now underway on capitol hill where the house is set to vote on the republican immigration reform bill. if it passes the stem act would get rid of the lottery system and
bill: so what happens if your taxes or to your taxes if lawmakers don't strike a deal? the tax policy center says that 90% of the americans would see a tax hike next year in 2013. it says 121 million americans will be paying more in payroll taxes, and families making between 40 and $65,000 a year, will pay an extra $2,000 to the government. that starts in 2013. martha: some say that they're concerned that what happens in europe could also happen here down the road. look at europe's economy down...
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Nov 28, 2012
11/12
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KTVU
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he wants to extend middle class tax cuts. but raise money on the wealthy. he meets with families and middle classers today and house speaker john boehner said, he and both president obama want a deal. >> this is not good for our country. it's as simple as that. you know me. i'm an optimist. >> reporter: they are promoting a reference to the middle-class tax increase if the bush era tax cuts are not extended. >>> new this morning, we're learning that mitt romney is going to the white house tomorrow. president obama is going to have a private lunch with his former rival to make good on a promise the president made in his victory speech. he said the two could talk about how to work together to move this country forward. and while in washington, romney will also meet with his former running mate, paul ryan. >>> the florida societyite at the heart that scandal -- socialite at the heart of that david petraeus scandal is speaking out. jill kellley hired an attorney. her lawyer wrote to the u.s. attorney aoffice in tampa -- u.s. attorney's office in tampa. >>> back
he wants to extend middle class tax cuts. but raise money on the wealthy. he meets with families and middle classers today and house speaker john boehner said, he and both president obama want a deal. >> this is not good for our country. it's as simple as that. you know me. i'm an optimist. >> reporter: they are promoting a reference to the middle-class tax increase if the bush era tax cuts are not extended. >>> new this morning, we're learning that mitt romney is going to...
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Dec 2, 2012
12/12
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so, streamline the tax code, remove the entire income tax philosophy, fair tax or flat tax, can't do that now. but look at spending and spending cuts across the board and different programs where we can really cut some money, rather than talk about it, let's do something and do it next week and move it down to the senate and the let them look at it it. >> dave: so there's substance and also, style, congressman. how do you feel about the fact that the president, instead of sitting down with your leader john boehner is out there in what appears to be a campaign style, giving speeches instead of negotiating? >> well, it's disturbing in some respect. he is the leader of the country. and rather than be in washington d.c. in a room working with everybody involved that can make these decisions and push legislation, republicans, democrats, senators, members of house and talking through the knitty gritty, he proposes town and campaigns about it and it's difficult to communicate and talk about things if the president is not in washington to talk. >> dave: especially with roughly two weeks to g
so, streamline the tax code, remove the entire income tax philosophy, fair tax or flat tax, can't do that now. but look at spending and spending cuts across the board and different programs where we can really cut some money, rather than talk about it, let's do something and do it next week and move it down to the senate and the let them look at it it. >> dave: so there's substance and also, style, congressman. how do you feel about the fact that the president, instead of sitting down...
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Dec 4, 2012
12/12
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CURRENT
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they will not raise tax rates. they will not raise taxes on the top wealthiest 2% of americans. they say no way. no how will that be included. they're dead wrong. they're wasting time. when i saw that proposal yesterday, to coin a word, you know what my reaction was? i was flabbergasted! oh, my god. i was flabbergasted. >> thank you mr. speaker. >> bill: john boehner isn't the only one. flabbergasted that they would have the audacity to put something like that forward when they know it's not going anywhere. it's a total joke. social security has not contributed to the deficit. social security should not be on the table. these guys hate social security so much, they want to get rid of social security and medicare so much that everything they put forward has to have cuts in medicare and social security. so that's a nonstarter. the president has said he's not going to touch social security. the president said he's not going to raise the eligibility age for medicare. and the president has also said jay carney said it again yesterday, he's not even going to consider any bill that con
they will not raise tax rates. they will not raise taxes on the top wealthiest 2% of americans. they say no way. no how will that be included. they're dead wrong. they're wasting time. when i saw that proposal yesterday, to coin a word, you know what my reaction was? i was flabbergasted! oh, my god. i was flabbergasted. >> thank you mr. speaker. >> bill: john boehner isn't the only one. flabbergasted that they would have the audacity to put something like that forward when they know...